Wednesday, February 12, 2025
5.6 C
London
HomeBankingEmirates NBD and Rasmal Ventures Invest $7.6M in MENA Securitisation Innovation

Emirates NBD and Rasmal Ventures Invest $7.6M in MENA Securitisation Innovation

Date:

Stripe Alumni Secure $6M for AI-Powered Wealthcare

Innovative Funding to Enhance Financial Wellness with Artificial IntelligenceHighlights:...

Nordnet Disables App After Customers Logged into Wrong Accounts

Protecting User Security: A Look into Nordnet's Response to...

Affirm and FIS Collaborate to Enable BNPL for Banks via Debit Cards

Innovative Partnership Transforms Banking Experience with Buy Now, Pay...

Deniz Ventures and Rasmal Ventures back TeamSec to transform structured finance in MENA.

Highlights:

  1. Emirates NBD’s Deniz Ventures and Qatar’s Rasmal Ventures invest $7.6 million in TeamSec.
  2. TeamSec aims to digitize securitisation processes using AI and data analytics.
  3. The investment will drive growth, expansion, and diversification in the MENA region.

Summary: Emirates NBD’s Deniz Ventures and Qatar’s Rasmal Ventures have jointly invested $7.6 million in TeamSec, an AI-powered securitisation platform. This investment aims to transform the structured finance industry in the MENA region by digitizing securitisation processes and creating a more transparent financial ecosystem.

The funding will support TeamSec’s growth operations, expansion across the MENA region, and diversification of its product and service offering.

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories